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MY ONLY INCOME IS SOCIAL SECURITY. SHOULD I STILL CONSIDER BANKRUPTCY?

We often meet with people with debt problems whose only income is Social Security benefits.  In some cases, they are “judgment proof”.  That is, there is no way for their creditors to collect.  Other than debts owed to government agencies,…

Posted in Advice for Consumers, Bankruptcies, Debt Relief, Social Security

DO I HAVE TO FILE A BANKRUPTCY JOINTLY WITH MY SPOUSE?

No, you are not required to file a joint bankruptcy case with your spouse.  You can file individually, you each could file separate cases if you wish, or you can file a joint case.  This is a decision that should…

Posted in Bankruptcies

I MAY NEED TO FILE A BANKRUPTCY CASE. WILL I LOSE MY PROPERTY?

Many people have the mistaken idea that they will lose all their property if they file a bankruptcy case.  NOT TRUE!  There are exemptions allowed for many different assets. 

Posted in Bankruptcies

Why Americans are Filing For Bankruptcy at High Rates

Filing for personal bankruptcy is not an easy decision. While credit card balances that have gone out of control can lead to bankruptcy, the number one reason Americans are filing for bankruptcy today is because of medical debt. This type…

Posted in Bankruptcies

When Debt is Ruining Your Life: The Benefits of Filing for Personal Bankruptcy

There are many reasons you may find yourself stuck in a pile of debt that keeps on growing. Life is expensive, and even when you work hard, debt can become unmanageable. When you are trying to pay your bills but…

Posted in Bankruptcies

Biggest Chapter 13 Bankruptcy Myths

If you are facing potential bankruptcy and you are trying to determine if it is a good option for you or not, you have likely heard about a lot of different myths about what can happen during the course of…

Posted in Bankruptcies, Debt Relief

Tips for Buying a House After Chapter 7 Bankruptcy

After a bankruptcy, it may feel as though you will never be able to afford a large purchase again. This can be very scary but it is not true. There are a few things you can do to increase your…

Posted in Bankruptcies

What Life Is Like After Bankruptcy

While filing for bankruptcy helps you feel like you can breathe again, there are still some challenges you’ll need to overcome. Two of the biggest problems you will face is that your credit rating will have taken a nose dive…

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Filing for Bankruptcy: Choosing Between Chapter 7 and Chapter 13

coming to the conclusion that you need to file bankruptcy

For those who’ve hit financial strain and are considering filing for bankruptcy, the process can appear confusing. You might have heard a lot of information that makes you afraid to even see what your options are – which is a…

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Debts that Can Be Relieved Through Bankruptcy

Often the people who would benefit the most from bankruptcy don’t know enough about the protections they’re afforded under the law. When you have financial stress, there are emotional traumas that come with the problem. There may be embarrassment and…

Posted in Bankruptcies, Child Support, Debt Relief, Foreclosure

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